>> actually the cuts and revenue you we have taken so far are still far short in both categories from simpson bus. boles. >> but the spending cuts are way short. >> that is not the case. simpson bowles said at the starting point we would allow the upper income taxes to go back to clinton era levels. we have just barely gotten to the spending point. we are a little short. on top of that they raised over a trillion dollars in revenue combined with cuts. yes woo have to do more cuts and the president has been clear and put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion in revenue. the only reason we weren't able to go forward with that is you had house republicans deciding not to follow speaker boehner in that balanced approach and frankly that is the danger going forward. the danger going forward is that house republicans will continue to refuse to take a balanced approach and that is going to dead lock the entire process. >> another danger going forward according to many people is how far you push the spending dehe bait into the debt ceiling limit and whether y